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JBIC signs loan agreements with ADNOC for renewable energy and decarbonisation projects

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The Japan Bank for International Cooperation (JBIC) has signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC), totalling approximately $341 million and $130 million under a credit line established in July 2024. The loans are co-financed by Mizuho Bank Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Limited, and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, raising the total financing to $569 million and $217 million, respectively.

These loans, part of JBIC’s GREEN operations, will fund ADNOC’s global renewable energy projects and support energy-efficient power generation and decarbonisation initiatives in the UAE.

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Techno Electric wins contract for North Eastern Region Generation Scheme – I 

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EnBW plans €3 billion capital increase to boost Germany’s energy transition

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Sterlite Power completes the 400 kV GTTPL GIS in Goa

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Sterlite Power has announced the commissioning of three vital components of its interstate transmission system (ISTS) project in Goa, managed by the special purpose vehicle “Goa Tamnar Transmission Ltd.”  Goa’s first 400kV Gas Insulated Substation (GIS) at Dharbandora is now operational. The final project element, the Xeldem-Narendra transmission line, is slated for commissioning soon. The Dharbandora GIS enables South Goa to receive a 400kV power supply for the first time, ensuring greater stability, fewer outages,…

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Vedanta plans Rs 1,000 billion investment in Rajasthan

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Mining and metals conglomerate Vedanta plans to invest nearly Rs 1,000 billion in Rajasthan, with a significant portion earmarked for renewable power projects.  Vedanta’s major businesses, including Hindustan Zinc and Cairn India, are based in Rajasthan. The company has already invested over Rs 1,000 billion in the state in recent years to create opportunities, strengthen industries, and empower communities. Looking ahead, Vedanta aims to invest an additional Rs 1,000 billion, with a focus on large-scale…

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The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets. In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in…

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